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Pakistan expats in Oman gain on remittance amid falling PKR

Pakistan expats in Oman gain on remittance amid falling PKR
zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.

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Crude oil crosses $75 for the first time in two years | Times of Oman

Crude oil crosses $75 for the first time in two years | Times of Oman
timesofoman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesofoman.com Daily Mail and Mail on Sunday newspapers.

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How to cut your expenses and survive on a lower pay

How to cut your expenses and survive on a lower pay
timesofoman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesofoman.com Daily Mail and Mail on Sunday newspapers.

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Economic stimulus package to help Oman go a long way

By: Times News Service
Khalfan Al Touqi (right) and Moaz Al Saeedi (left)
Muscat: Locals and expatriates in Oman have welcomed the stimulus package to help the economy recover from the impact of the coronavirus pandemic.
Announced by His Majesty Sultan Haitham Bin Tarik, the package contains a number of measures for both organisations and individuals that have had to face the brunt of the disease.
They include tax exemptions for SMEs, hotels, and companies that have begun in 2021, activities related to Oman’s economic diversification, a reduction in recruitment fees, setting aside OMR20 million to train jobseekers in the country so that they qualify for the labour market, postponement of loan repayments until September, for citizens affected by the pandemic, and long-term residency for foreign investors. ....

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NRIs will be allowed to set up one-man companies back home

NRIs will be allowed to set up one-man companies back home
By: Times News Service
Muscat: Non-resident Indians (NRIs) will be able to set up one-person companies back home soon, following the proposal by Union Minister for Finance and Corporate Affairs to incentivise their incorporation into the Indian economy.
Sitharaman was speaking while presenting the Union Budget 2021 on Monday.
The incorporation of OPCs in India will help the NRIs to enter the domestic market, and will also provide them a livelihood once they return home.
Announcing the scheme, the finance minister said, “Incorporation of OPCs will be incentivised by allowing such companies to grow without restriction on paid-up capital and turnover, allowing conversion into any other type of company at any time, reducing the residency limit for an Indian citizen to set up an OPC from 182 days to 120 days, and allow also non-resident Indians to incorporate OPCs in India.” ....

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